2 Bed Flat, Single Let, Southampton, SO17 2EY, £170,000

Portswood, Southampton, SO17 2EY - 2 views - a year ago

Sold STC
Leasehold
BTL
ROI: 5%
~49 m²
+2 photos

ValuationOvervalued

Sold Prices£104K - £525K
Sold Prices/m²£1.5K/m² - £3.8K/m²

 

 

Square Metres

~48.90 m²
Price/m²£3.5K/m²

Value Estimate

£111,771

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Total Cash In

£48,800

 

 

Cash Out

 

Rent Range

£950 - £2,300

Rent Estimate

£922

Running Costs/mo

£736

Cashflow/mo

£186

Cashflow/yr

£2,236

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £104K to £525K, average is £181K. £1.5K/m² to £3.8K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£160K02/230.11 miFlat 1, Ascupart House, Portswood Road, Southampton SO17 2US2
£150K09/210.11 miFlat 8, Ascupart House, Portswood Road, Southampton SO17 2US2
£150K05/230.11 miFlat 11, Ascupart House, Portswood Road, Southampton SO17 2US2
£142K04/230.11 miFlat 4, Ascupart House, Portswood Road, Southampton SO17 2US2
£160K08/230.16 mi8a, Rigby Road, Southampton SO17 2EU2
£138K07/210.19 mi36, Shakespeare Avenue, Southampton SO17 2HB2
£168K06/210.25 mi31, Adelaide Road, Southampton SO17 2HU2
£202K12/210.4 miFlat 11, Westwood Mansions, Westwood Road, Southampton SO17 1UY2
£210K04/230.4 mi5, Padwell Road, Southampton SO14 6QY2
£190K05/210.4 miFlat 1, Elm Court, Westwood Road, Southampton SO17 1DX2
£182K09/210.4 miFlat 3, Elm Court, Westwood Road, Southampton SO17 1DX2
£195K12/200.4 miFlat 9, Elm Court, Westwood Road, Southampton SO17 1DX2
£167K08/210.4 mi100b, Adelaide Road, Southampton SO17 2HX2
£190K07/210.42 miFlat 6, Westwood Court, Westwood Road, Southampton SO17 1UX2
£227.5K09/210.42 miFlat 2, Westwood Court, Westwood Road, Southampton SO17 1UX2
£210K07/210.42 miFlat 5, Westwood Court, Westwood Road, Southampton SO17 1UX2
£104K04/210.46 mi6a, Cranbury Avenue, Southampton SO14 0LQ2
£178.5K04/230.48 miFlat 6, Buckingham Court, Westwood Road, Southampton SO17 1HD2
£150K03/210.48 miFlat 12, Buckingham Court, Westwood Road, Southampton SO17 1HD2
£252.5K07/230.49 miFlat 1, Latimer Court, Brookvale Road, Southampton SO17 1QX2
£174K07/210.5 miFlat 3, Latimer Court, Brookvale Road, Southampton SO17 1QX2
£180K02/210.5 miFlat 2, Latimer Court, Brookvale Road, Southampton SO17 1QX2
£145K08/210.52 mi72b, Bitterne Road West, Southampton SO18 1AP2
£118.5K12/200.54 mi51a, Alfred Street, Southampton SO14 0NB2
£195K06/230.57 miFlat 19, St Michaels Court, Priory Close, Southampton SO17 2FR2
£525K12/200.59 mi103, Highfield Lane, Southampton SO17 1NN2
£202K12/200.6 mi12, Moore Close, Southampton SO15 2RS2
£170K07/230.61 mi217, Priory Road, St Denys, Southampton SO17 2LR2
£192K11/210.62 mi36, James Weld Close, Southampton SO15 2SW2
£195K10/210.62 mi43, James Weld Close, Southampton SO15 2SW2
£218K02/230.64 mi16, James Weld Close, Southampton SO15 2SW2
£153K12/200.66 miFlat 4, Banister Court, Court Road, Southampton SO15 2JS2
£202K09/230.71 mi18, Riverdene Place, Southampton SO18 1UG2
£205K05/210.72 mi68, Riverdene Place, Southampton SO18 1UH2
£152K08/210.76 miFlat 2, Cranford House, Cranford Way, Southampton SO17 1UE2
£155K03/210.82 mi32a, St Catherines Road, Southampton SO18 1LJ2
£168K12/200.85 mi11a, St Catherines Road, Southampton SO18 1LL2
£156K04/210.86 miFlat 3, Christine Court, Cobbett Road, Bitterne Park, Southampton SO18 1RD2
£210K06/230.88 mi2, Arlott Court, Southampton SO15 2RZ2
£197K08/230.88 mi30, Arlott Court, Southampton SO15 2RZ2
£185K12/210.89 miFlat 1, Kingfisher Court, Highfield Road, Southampton SO17 1UN2
£170K03/230.89 miFlat 32, Chadwick Lodge, Devonshire Road, Southampton SO15 2QQ2
£190K03/210.89 miFlat 32, Chadwick Lodge, Devonshire Road, Southampton SO15 2QQ2
£250K03/230.89 miFlat 35, Osborne House, Grosvenor Square, Southampton SO15 2DA2
£163K01/230.91 mi619, Portswood Road, Southampton SO17 3SL2
£197.5K09/230.91 mi5, Kenilworth Road, Southampton SO15 2GD2
£120K04/210.93 mi185, Golden Grove, Southampton SO14 1TD2
£177.5K01/230.94 miFlat 5, Grenville Court, Silverdale Road, Southampton SO15 2TD2
£212K04/230.94 mi23a, Hillside Avenue, Bitterne Park, Southampton SO18 1LD2
£190K06/230.98 miFlat 17, Dorval House, Silverdale Road, Southampton SO15 2NH2

Local Rents

50 rents from £950/mo to £2.3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£95009/240 miLawn Court, Portswood2
£1,20009/240 miLawn Court, Portswood2
£1,30009/240 miLawn Road, Southampton2
£95009/240.03 miLawn Road, Portswood2
£97509/240.11 miPortswood Park, Southampton SO172
£1,29502/240.12 mi-2
£1,29504/250.12 mi-2
£1,29502/240.12 mi-2
£1,29508/240.12 mi-2
£1,05009/240.17 miPortswood Road, Southampton, Hampshire, SO172
£1,00009/240.18 miPortswood Road, Southampton2
£1,30009/240.18 miPortswood Road, Southampton2
£1,30009/240.18 miPortswood Road, Southampton2
£1,30009/240.18 miPortswood Road, Southampton2
£1,30009/240.18 miPortswood Road, Southampton2
£1,30009/240.18 miPortswood Road, Southampton2
£1,30009/240.18 miPortswood Road, Southampton2
£1,27509/240.18 miPortswood Road, Southampton2
£1,28509/240.18 miPortswood Road, Southampton2
£1,30009/240.18 miPortswood Road, Southampton2
£1,32009/240.18 miPortswood Road, Southampton2
£1,30009/240.18 miPortswood Road, Southampton2
£1,29509/240.18 miPortswood Road, Southampton2
£1,30009/240.18 miPortswood Road, Southampton2
£1,30009/240.18 miPortswood Road, Southampton2
£1,30009/240.18 miPortswood Road, Southampton2
£1,30009/240.18 miPortswood Road, Southampton2
£1,30009/240.18 miPortswood Road, Southampton2
£1,33509/240.18 miPortswood Road, Southampton2
£1,33509/240.18 miPortswood Road, Southampton2
£1,25009/240.18 miPortswood Road, Southampton2
£1,37509/240.18 miPortswood Road, Southampton, SO172
£1,37509/240.18 miPortswood Road, Southampton, SO172
£1,20004/250.19 mi-2
£1,00009/240.19 miBevois Valley Road, Southampton, Hampshire, SO142
£1,25002/250.2 mi-2
£1,25002/250.2 mi-2
£1,12009/240.2 miPortswood Road, Southampton2
£1,05009/240.21 mi|Ref: R152070|, Portswood Road, Southampton, SO17 2FU2
£1,05009/240.21 mi|Ref: R204016|, Portswood Road, Southampton, SO17 2FU2
£1,05009/240.21 miPortswood Road, SOUTHAMPTON2
£1,05009/240.21 miPortswood Road, SOUTHAMPTON2
£1,10009/240.23 miAlma Road, Portswood, Southampton2
£1,20009/240.23 miBelmont Road, Southampton2
£1,10009/240.23 miBelmont Road, Portswood2
£1,10009/240.25 mi|Ref: R153069|, Belmont Road, Southampton, SO17 2GD2
£2,30004/250.26 mi-2
£1,25002/240.27 miWestridge Road, Southampton, Hampshire, SO172
£1,20009/240.28 mi|Ref: R205878|, Bevois Valley Road, SOUTHAMPTON, SO14 0JZ2
£1,35009/240.28 miWestridge Road, Southampton2

Local Area Statistics

Population in SO17

19,429

Population in Southampton

428,247

Town centre distance

0.04 miles away

Nearest school

0.30 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-22%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £170,000

March 12, 2024

Floor Plans

Description

  • Two Bedroom Apartment +
  • Popular Area Of Portswood +
  • No Forward Chain +
  • Double Glazed And Gas Central Heating +
  • Allocated Parking +
  • Fitted Kitchen +
  • First Floor +
  • Three Piece Bathroom +

Located within Portswood is this spacious first floor two bedroom apartment offered with no forward chain. Lawn Road is located within close proximity to Portswood High Street, Southampton City Centre, Riverside Park and multiple transports links including St Denys train station, bus stops and Southampton Airport. The accommodation comprises of a sizeable living room, Fitted kitchen with space for white goods. Two bedrooms and a three piece bathroom suite. To the rear of the development is an allocated parking space and communal garden area. The property also benefits from gas central heating provided and double glazed windows throughout.  

ENTRANCE HALL:
Carpeted flooring.  Smooth walls and textured ceiling.  Entry telephone system.

KITCHEN 9' 5" (2.87m) x 6' 5" (1.95m):
Tiled flooring. Matching wall and base units with worktop over. Gas Combination boiler. Space for tall standing fridge/freezer and washing machine. Tiled splashbacks.

LIVING ROOM 17' 6" (5.33m) x 10' 10" (3.31m):
Carpeted flooring. Smooth walls and textured ceiling. Radiator. Double glazing window to front.

BEDROOM ONE 10' 2" (3.09m) x 9' 7" (2.92m):
Carpeted flooring. Double glazed window to front. Smooth walls and textured ceiling. Radiator. 

BEDROOM TWO 9' 7" (2.92m) x 7' 11" (2.41m):
Carpeted flooring. Double glazed window to front. Smooth walls and textured ceiling. Radiator. 

BATHROOM:
Complementary tiled walls and flooring. Panelled bath with thermostatic shower over, ceramic wash basin and w.c. Smooth walls and ceiling. Extractor fan. Radiator.

OUTSIDE
Allocated parking space to the rear and communal gardens to the front of the development.

TENURE
Leasehold
Remaining Lease Term: 961 Years
Maintenance/Service Charge: £1,534.48
Ground Rent: £50.00 p.a.

COUNCIL TAX
Southampton City Council
BAND:       B
CHARGE:  £1,677.66
YEAR:       2023/2024

Agent Details

Pearsons, Southampton

0238 023 3288

Next Steps?

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